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Business Standard
16 hours ago
- Business
- Business Standard
Mayasheel Ventures makes positive market debut; shares list at 23% premium
Mayasheel Ventures IPO listing today: Shares of roads and highways construction company Mayasheel Ventures made a robust market debut on Friday, June 27, 2025, listing at ₹58 on the NSE SME platform, a premium of 23.4 per cent from its issue price of ₹47 per share. After the listing, shares of Mayasheel Ventures were trading at ₹59.5, up 2.6 per cent from the opening price. Mayasheel Ventures' debut was slightly below the grey market estimates. Ahead of listing, the unlisted shares of Mayasheel Ventures were trading ₹60, reflecting a premium of ₹13 or 27.6 per cent against the issue price. Mayasheel Ventures IPO subscription Mayasheel Ventures IPO details Mayasheel Ventures IPO comprises a fresh issue of 5.8 million equity shares to raise ₹27.28 crore. There is no offer for sale (OFS) component. Mayasheel Ventures IPO was available for subscription from Friday, June 20, 2025, till Tuesday, June 24, 2025. The basis of allotment of shares was finalised on Wednesday, June 25, 2025. Maashitla Securities was the registrar of the issue. Narnolia Financial Services was the book-running lead manager of the Mayasheel Ventures IPO. According to the red herring prospectus (RHP), the company plans to use the net issue proceeds to purchase equipment and machinery and meet working capital requirements. The remaining funds will be used for general corporate purposes. About Mayasheel Ventures Mayasheel Ventures is involved in the business of construction of roads and highways for the National Highways and Infrastructure Development Corporation (NHIDCL) and other government departments. It is also a 'Class A' government contractor issued by the Uttar Pradesh Public Works Department (UPPWD), which means the company is qualified to take on large-scale and complex infrastructure projects. It also takes projects on an EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) basis.
Mint
3 days ago
- Business
- Mint
Mayasheel Ventures IPO allotment expected today: Here's how to check status
Mayasheel Ventures IPO allotment in focus today: The allotment for Mayasheel Ventures is expected to be finalized today, June 25. Investors can check their allotment status through the registrar, Maashitla Securities Private Ltd., or on the NSE website. The IPO, which was open for subscription from June 20 to June 24, saw a healthy response from investors, being oversubscribed 232 times. Specifically, the NII segment was oversubscribed 715 times, while the QIB portion was oversubscribed 98 times. The retail portion has also been booked 102 times, as per the exchange data. The IPO price was set at ₹ 47 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on June 26, 2025. Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the NSE SME platform, with a tentative date of June 27, 2025. The company intends to utilize the proceeds of the issue for funding capital expenditure requirements for the purchase of equipment/machinery, funding the working capital requirement, and general corporate purposes. How to check Mayasheel Ventures IPO allotment status on the registrar site? Step 1: Please visit the following link: to input your login details for the Mayasheel Ventures IPO allotment. Step 2: From the dropdown menu, select 'Mayasheel Ventures IPO' under the company list. (Note: Only companies with finalized allotments will be visible.) Step 3: If the company appears, choose one of the following options to proceed: PAN Number, Beneficiary ID, or Application No/CAF No. Step 4: Click on 'Search.' Your Mayasheel Ventures IPO will appear on your computer monitor or the display of your cell phone Step 1: Open the IPO allotment page at Step 2: Log in with your credentials. Step 3: Select Readymix Construction, enter your PAN details and application number, and click 'Submit.' Incorporated in May 2008, Mayasheel Ventures Limited constructs roads and highways for NHIDCL and other government departments. The company engages in constructing, altering, and developing complex projects like expressways, highways, flyovers, and bridges. It undertakes projects on an EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) basis. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
